FINANCIAL STRATEGIES NEWSLETTER
FIRST QUARTER 2023

Greetings!

Another tax season is complete, and if you were lucky enough to get a refund this year, we discuss some of your options in this quarter's newsletter. In addition, we cover a new option for leftover 529 funds and where to keep your estate planning documents. Also make sure to check out the latest news and notes section to see what our team members have been up to the past few months. Please note that we have pushed back our 40th anniversary celebration to later this year (details below).

The AFM Team
MARKET UPDATE
Markets had a solid March, as a month-end rally helped bring all three major U.S. indices into positive territory for the month. Despite mid-March market turbulence caused by strain
on the banking industry, economic updates continued to show positive signs of growth. Read More
10 THINGS TO DO WITH YOUR TAX REFUND
Hurray, you finished filing your taxes and are getting a tax refund! Here are 10 ideas for what to do with your tax refund this year.
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NEW AND NOTEWORTHY CHANGES COMING TO 529 PLANS
Have some leftover money in a 529 Plan? Learn how this money can be rolled over into a Roth IRA starting in 2024.
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WHERE TO KEEP YOUR ESTATE PLANNING DOCUMENTS
Most people are aware of the importance of having up-to-date estate planning documents. What many don’t realize, however, is that where the original documents are stored can be equally important. 
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AFM NEWS & NOTES
  • After more than 13 years with AFM, Beate Ruffin is retiring.
  • Alexandra Armstrong was named one of WealthManagement.com's Eight First Ladies in Finance.
  • Charneè Long joined AFM as a Client Services Associate. Learn more about her here.
  • Carl Holubowich participated in the 3rd Annual Peloton Corporate Showdown.
  • Lucas Campbell competed in the USA Powerlifting meet.
  • AFM gathered for our annual strategic planning meeting.
SAVE THE DATE!
We are proud to celebrate our 40th anniversary this year! Please join us on September 7, 2023, at 6 pm at the Cosmos Club in Washington, DC for a night of celebration!
Further details and invitations to follow.
TAX RETURN REQUEST
If you haven't done so already, please send us a copy of your 2022 Federal and state returns to help us better serve you throughout the year. We are best able to perform tax related analysis with your most current tax return. Exactly how the information is used varies from client to client, but may include analyzing Roth conversions, calculating tax projections, and tracking tax data that can impact investment decisions.
Armstrong, Fleming & Moore, Inc.
202.887.8135 |202.887.0050 Fax | info@afmfa.com
Providing financial planning and investment advice since 1983
Securities offered through Commonwealth Financial Network®, Member FINRA/SIPC. Fixed Insurance products and services and advisory services offered by Armstrong, Fleming & Moore, Inc., a Registered Investment Adviser, are separate and unrelated to Commonwealth.
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